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Shell pulls a surprise by exiting Norway's largest undeveloped gas discovery - Upstream Online

Upstream Online · last updated

Shell pulls a surprise by exiting Norway’s largest undeveloped gas discovery | Upstream Online

In a surprise move, Shell has sold its 30% operator interest in Norway’s largest undeveloped gas resource, which was suspended last year in mysterious circumstances.

The Linnorm gas discovery sits in a water depth of 300 metres in the Norwegian Sea and hosts about 32 billion cubic metres of recoverable gas.

Shell and its joint-venture partners put a lot of work into mature the Linnorm project and were expected to capitalise on Norway’s temporary tax regime by the deadline at the end of last year.

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